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A major international bank will fold through customer atrophy, Alex Sion, managing director of US challenger bank brand Moven, predicted at an industry conference yesterday. read more

An A$1.46 million "accounting error" relating to loans to borrowers in hardship blotted the profits of building society Wide Bay Australia. read more

A dependence on mortgage brokers to push product and meet ambitious growth targets affected the profit of Goldfields Money over the year to June 2013. Goldfields reported a net profit of A$197,000 f.. read more

One aspect of the taxation of banking products crept into Australia's election debates yesterday, courtesy of a discussion paper from PricewaterhouseCoopers on tax reform. read more

Clydesdale Bank in the UK had its long-term credit rating cut from A2 to Baa2 by Moody's Investors Service on Friday. The bank is National Australia Bank's main business in Britain. NAB is rated Aa2.. read more

Turnover of the Cabcharge payment system increased only 0.7 per cent, to A$1.06 billion, in the year to June 2013. This follows growth of only two per cent or so over the last two years. read more

Britain's Financial Conduct Authority says it has reached a deal with insurer Card Protection Plan, along with 13 banks and credit card issuers, to pay customers compensation of up to £1.3 billion.. read more

Suncorp aims to earn a profit from its banking business of between A$300 million and $350 million a year, the group's chief executive, Patrick Snowball, said yesterday. This compares with a profit f.. read more

Banks may be in a position to better promote the Eftpos scheme along with scheme credit and debit cards, now the Reserve Bank of Australia brokered an agreement between the parties. read more

Armstrong Corporate Capital Ltd, a new non-conforming car financier, is expanding its business from a private circle of investors and is undertaking its first public fundraising. read more